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Sony In Talks To Team With Apollo In Bid For Paramount Global
Sony is in talks to join Apollo's bid to acquire Paramount
Deadline has confirmed that Sony Picture Entertainment CEO Tony Vinciquerra has been in talks with Apollo Global Management about making a go for Paramount. The Apollo and Sony deal is reportedly an all-cash one for outstanding stock in Paramount, in total making the studio private through a joint venture per the New York Times. Sony’s involvement would add another wrinkle, especially for the traditional film and TV sectors, as two Hollywood majors would potentially be able to combine operations.
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